There are over 50 directors a day that are appointing a liquidator, you are not alone. The decision may be based on their accountant’s advice or that of a friend. But there is no doubt that wherever the advice did come from, the decision was not an easy one.
Appointing a liquidator is one of those very simple tasks that can have a complicated outcome for a director. There are always pieces missing out of a jigsaw and those pieces are really the bits you need in order to see the full picture.
The missing jigsaw pieces are probably those that can complicate your life. One piece may be related to what the vat will do on your next company, the other may be related to a director’s loan account, whilst the third missing piece may be about dividends.
These are key pieces that you should have been given before appointing a liquidator. Without these missing pieces it is very likely that you will be in a worse position after appointing a liquidator than before.
Appointing a liquidator is simple. Dealing with the fallout of a liquidation can be difficult. Talk to TaxGone today on: 01302 815846 and we’ll take you through what a liquidation means for your situation.